Form 4: Planet Fitness Director Cammie Dunaway Receives Stock Grant

Director Cammie Dunaway of Planet Fitness, Inc. reports acquisition of 1,451 shares of Class A Common Stock.

Summary

• On May 6, 2025, Cammie Dunaway, a director of Planet Fitness, Inc., acquired 1,451 shares of Class A Common Stock.
• The shares were granted at a price of $0.00.
• Following the transaction, Dunaway directly owns 18,603 shares of Planet Fitness, Inc.
• The grant vests on the earlier of the first anniversary of the grant date or the issuer's 2026 annual meeting of stockholders.
• Darrell Chichester, Attorney-in-Fact, signed the Form 4 on behalf of Cammie Dunaway on May 8, 2025.
• Dunaway has granted power of attorney to Justin Vartanian and Darrell Chichester to handle SEC filings related to Planet Fitness securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant) which is generally viewed neutrally to positively as it aligns director interests with shareholders. There are no indications of negative sentiment.

Positives

• The grant of shares to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance, but the stock grant suggests a continued alignment of the director's interests with the company's long-term success.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to incentivize and align their interests with those of shareholders. This grant is a standard form of compensation and aligns with industry norms.

Comparison to Industry Standards

• Stock grants to board members are a common practice among publicly traded companies, including competitors like Xponential Fitness and Life Time Group Holdings.
• The size of the grant is typical for director compensation, but the specific value depends on the company's overall compensation strategy and the director's role and responsibilities.
• Vesting schedules are also standard, often tied to continued service or company performance, similar to practices at other fitness companies.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders, potentially leading to decisions that benefit the company's long-term value.
• The grant has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Planet Fitness, Cammie Dunaway, Director, Stock Grant, Class A Common Stock, SEC Form 4, Beneficial Ownership, Vesting